Harry Dent: Stocks could decline 86% S&P and Nasdaq over 92%
GoldSeek, Released on 9/30/22
Harry S. Dent Jr., "The Dean of Demographics," expects the bear market in US equities to kick into high gear.Surprisingly, the professed "Deflationist" is actually bullish on gold, noting that precious metals will outperform most asset classes!If the Great Recession of 2008-2009 seems intense, the nascent recession will be 50% worse in every way, notes our guest.Stocks could decline 86% S&P and Nasdaq over 92%Similar to 2008-2009, 30-year T-Bond funds such as TLT, and ZROZ (Pimco 25 year zero-coupon bond), which he currently owns, may represent an appealing alternative, given the deep discount prices today.Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. He has a free daily newsletter at www.harrydent.com called "Survive and Prosper." Mr. Dent accurately predicted Japan's collapse in 1989, the dot-com bubble-bust in 2000 and the housing bust in 2006 to 2007 (among many other things). He's written numerous books, including The Great Boom Ahead (1992), The Great Depression Ahead (2008), The Great Crash Ahead (2011) and The Demographic Cliff (2014). His most recent novels are The Sale of a Lifetime and Zero Hour.
Harry Dent: Stocks could decline 86% S&P and Nasdaq over 92% added by Herman James on 09/29/2022View all posts by Herman James ?+'